Integrated Oil & Gas Industry

Monitor and predict the growth prospects and potential risks of the Integrated Oil & Gas industry by examining the financial and macroeconomic factors affecting it and the latest Integrated Oil & Gas news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Integrated Oil & Gas updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Integrated Oil & Gas industry trend, growth prospects and risks.

Integrated Oil & Gas Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Integrated Oil & Gas industry US.INTOILGAS 630.99 0 1 2.59539 55.904 -0.00057 -0.06167 0.12088 0.50368

Integrated Oil & Gas Industry News

Integrated Oil & Gas Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Integrated Oil & Gas industry by examining the stock and credit performance of major Integrated Oil & Gas companies across the US, Europe, Eastern Europe and Asia Pacific. Integrated Oil & Gas Stock performance is monitored by analyzing STOXX equity indices of major Integrated Oil & Gas companies while Integrated Oil & Gas credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Integrated Oil & Gas high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Integrated Oil & Gas sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Integrated Oil & Gas industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Integrated Oil & Gas momentum, Integrated Oil & Gas trend, Integrated Oil & Gas oscillator, Integrated Oil & Gas RSI and Integrated Oil & Gas returns.

Integrated Oil & Gas description

The Integrated Oil & Gas subsector includes companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

Integrated Oil & Gas Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Integrated Oil & Gas momentum signal ranges from -100 to +100. The Integrated Oil & Gas momentum signal is derived as the mean value from 4 calculations for the Integrated Oil & Gas . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Integrated Oil & Gas momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Integrated Oil & Gas momentum signal moves from positive to negative value or vice-versa.

Integrated Oil & Gas trend

Integrated Oil & Gas trend signal ranges from -100 to +100. Integrated Oil & Gas trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas Closing price vs Integrated Oil & Gas moving average (MA) calculation: If Integrated Oil & Gas is greater than Integrated Oil & Gas MA value is +1, else -1, 2. Integrated Oil & Gas Moving average slope calculation: if current Integrated Oil & Gas moving average is higher than the previous MA, Integrated Oil & Gas upward slope +1, else -1
Integrated Oil & Gas trend model can be used as a trend strength indicator. Integrated Oil & Gas trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Integrated Oil & Gas trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Integrated Oil & Gas 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Integrated Oil & Gas is in an uptrend when Integrated Oil & Gas price is higher than the 52-week moving average and the Integrated Oil & Gas 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Integrated Oil & Gas oscillator and Integrated Oil & Gas RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Integrated Oil & Gas oscillator

The Integrated Oil & Gas oscillator estimated by MacroVar is the z-score of the currentIntegrated Oil & Gas price versus Integrated Oil & Gas 1-year simple moving average price. The formula for the Integrated Oil & Gas oscillator is:
Integrated Oil & Gas oscillator = (Current Price – 250 trading days Integrated Oil & Gas simple moving average price) / (250 days Integrated Oil & Gas price standard deviation)

Integrated Oil & Gas oversold conditions
Integrated Oil & Gas is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Integrated Oil & Gas is oversold it is often due for a rebound. Values of the Integrated Oil & Gas oscillator lower than -2.5 signify oversold conditions. It must be noted that the Integrated Oil & Gas oscillator must be analyzed ibn conjunction with the rest ofIntegrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Integrated Oil & Gas RSI.
Integrated Oil & Gas overbought conditions
Integrated Oil & Gas is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Integrated Oil & Gas is overbought it is often due for a correction. Values of the Integrated Oil & Gas oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Integrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Integrated Oil & Gas RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Integrated Oil & Gas is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIntegrated Oil & Gas uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Integrated Oil & Gas returns

MacroVar calculates Integrated Oil & Gas returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Integrated Oil & Gas returns = (Integrated Oil & Gas Closing Price – Integrated Oil & Gas Previous Price)/(Integrated Oil & Gas Previous Price)

level”:1} –>

Integrated Oil & Gas Industry

Monitor and predict the growth prospects and potential risks of the Integrated Oil & Gas industry by examining the financial and macroeconomic factors affecting it and the latest Integrated Oil & Gas news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Integrated Oil & Gas updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Integrated Oil & Gas industry trend, growth prospects and risks.

Integrated Oil & Gas Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Integrated Oil & Gas industry US.INTOILGAS 630.99 0 1 2.59539 55.904 -0.00057 -0.06167 0.12088 0.50368

Integrated Oil & Gas Industry News

Integrated Oil & Gas Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Integrated Oil & Gas industry by examining the stock and credit performance of major Integrated Oil & Gas companies across the US, Europe, Eastern Europe and Asia Pacific. Integrated Oil & Gas Stock performance is monitored by analyzing STOXX equity indices of major Integrated Oil & Gas companies while Integrated Oil & Gas credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Integrated Oil & Gas high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Integrated Oil & Gas sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Integrated Oil & Gas industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Integrated Oil & Gas momentum, Integrated Oil & Gas trend, Integrated Oil & Gas oscillator, Integrated Oil & Gas RSI and Integrated Oil & Gas returns.

Integrated Oil & Gas description

The Integrated Oil & Gas subsector includes companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

Integrated Oil & Gas Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Integrated Oil & Gas momentum signal ranges from -100 to +100. The Integrated Oil & Gas momentum signal is derived as the mean value from 4 calculations for the Integrated Oil & Gas . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Integrated Oil & Gas momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Integrated Oil & Gas momentum signal moves from positive to negative value or vice-versa.

Integrated Oil & Gas trend

Integrated Oil & Gas trend signal ranges from -100 to +100. Integrated Oil & Gas trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas Closing price vs Integrated Oil & Gas moving average (MA) calculation: If Integrated Oil & Gas is greater than Integrated Oil & Gas MA value is +1, else -1, 2. Integrated Oil & Gas Moving average slope calculation: if current Integrated Oil & Gas moving average is higher than the previous MA, Integrated Oil & Gas upward slope +1, else -1
Integrated Oil & Gas trend model can be used as a trend strength indicator. Integrated Oil & Gas trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Integrated Oil & Gas trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Integrated Oil & Gas 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Integrated Oil & Gas is in an uptrend when Integrated Oil & Gas price is higher than the 52-week moving average and the Integrated Oil & Gas 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Integrated Oil & Gas oscillator and Integrated Oil & Gas RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Integrated Oil & Gas oscillator

The Integrated Oil & Gas oscillator estimated by MacroVar is the z-score of the currentIntegrated Oil & Gas price versus Integrated Oil & Gas 1-year simple moving average price. The formula for the Integrated Oil & Gas oscillator is:
Integrated Oil & Gas oscillator = (Current Price – 250 trading days Integrated Oil & Gas simple moving average price) / (250 days Integrated Oil & Gas price standard deviation)

Integrated Oil & Gas oversold conditions
Integrated Oil & Gas is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Integrated Oil & Gas is oversold it is often due for a rebound. Values of the Integrated Oil & Gas oscillator lower than -2.5 signify oversold conditions. It must be noted that the Integrated Oil & Gas oscillator must be analyzed ibn conjunction with the rest ofIntegrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Integrated Oil & Gas RSI.
Integrated Oil & Gas overbought conditions
Integrated Oil & Gas is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Integrated Oil & Gas is overbought it is often due for a correction. Values of the Integrated Oil & Gas oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Integrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Integrated Oil & Gas RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Integrated Oil & Gas is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIntegrated Oil & Gas uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Integrated Oil & Gas returns

MacroVar calculates Integrated Oil & Gas returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Integrated Oil & Gas returns = (Integrated Oil & Gas Closing Price – Integrated Oil & Gas Previous Price)/(Integrated Oil & Gas Previous Price)

level”:1} –>

Integrated Oil & Gas Industry

Monitor and predict the growth prospects and potential risks of the Integrated Oil & Gas industry by examining the financial and macroeconomic factors affecting it and the latest Integrated Oil & Gas news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Integrated Oil & Gas updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Integrated Oil & Gas industry trend, growth prospects and risks.

Integrated Oil & Gas Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Integrated Oil & Gas industry US.INTOILGAS 630.99 0 1 2.59539 55.904 -0.00057 -0.06167 0.12088 0.50368

Integrated Oil & Gas Industry News

Integrated Oil & Gas Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Integrated Oil & Gas industry by examining the stock and credit performance of major Integrated Oil & Gas companies across the US, Europe, Eastern Europe and Asia Pacific. Integrated Oil & Gas Stock performance is monitored by analyzing STOXX equity indices of major Integrated Oil & Gas companies while Integrated Oil & Gas credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Integrated Oil & Gas high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Integrated Oil & Gas sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Integrated Oil & Gas industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Integrated Oil & Gas momentum, Integrated Oil & Gas trend, Integrated Oil & Gas oscillator, Integrated Oil & Gas RSI and Integrated Oil & Gas returns.

Integrated Oil & Gas description

The Integrated Oil & Gas subsector includes companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

Integrated Oil & Gas Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Integrated Oil & Gas momentum signal ranges from -100 to +100. The Integrated Oil & Gas momentum signal is derived as the mean value from 4 calculations for the Integrated Oil & Gas . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Integrated Oil & Gas momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Integrated Oil & Gas momentum signal moves from positive to negative value or vice-versa.

Integrated Oil & Gas trend

Integrated Oil & Gas trend signal ranges from -100 to +100. Integrated Oil & Gas trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas Closing price vs Integrated Oil & Gas moving average (MA) calculation: If Integrated Oil & Gas is greater than Integrated Oil & Gas MA value is +1, else -1, 2. Integrated Oil & Gas Moving average slope calculation: if current Integrated Oil & Gas moving average is higher than the previous MA, Integrated Oil & Gas upward slope +1, else -1
Integrated Oil & Gas trend model can be used as a trend strength indicator. Integrated Oil & Gas trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Integrated Oil & Gas trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Integrated Oil & Gas 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Integrated Oil & Gas is in an uptrend when Integrated Oil & Gas price is higher than the 52-week moving average and the Integrated Oil & Gas 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Integrated Oil & Gas oscillator and Integrated Oil & Gas RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Integrated Oil & Gas oscillator

The Integrated Oil & Gas oscillator estimated by MacroVar is the z-score of the currentIntegrated Oil & Gas price versus Integrated Oil & Gas 1-year simple moving average price. The formula for the Integrated Oil & Gas oscillator is:
Integrated Oil & Gas oscillator = (Current Price – 250 trading days Integrated Oil & Gas simple moving average price) / (250 days Integrated Oil & Gas price standard deviation)

Integrated Oil & Gas oversold conditions
Integrated Oil & Gas is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Integrated Oil & Gas is oversold it is often due for a rebound. Values of the Integrated Oil & Gas oscillator lower than -2.5 signify oversold conditions. It must be noted that the Integrated Oil & Gas oscillator must be analyzed ibn conjunction with the rest ofIntegrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Integrated Oil & Gas RSI.
Integrated Oil & Gas overbought conditions
Integrated Oil & Gas is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Integrated Oil & Gas is overbought it is often due for a correction. Values of the Integrated Oil & Gas oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Integrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Integrated Oil & Gas RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Integrated Oil & Gas is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIntegrated Oil & Gas uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Integrated Oil & Gas returns

MacroVar calculates Integrated Oil & Gas returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Integrated Oil & Gas returns = (Integrated Oil & Gas Closing Price – Integrated Oil & Gas Previous Price)/(Integrated Oil & Gas Previous Price)

level”:1} –>

Integrated Oil & Gas Industry

Monitor and predict the growth prospects and potential risks of the Integrated Oil & Gas industry by examining the financial and macroeconomic factors affecting it and the latest Integrated Oil & Gas news tracked by MacroVar. Sign Up Free to get notified instantly on the latest Integrated Oil & Gas updates and get full access to MacroVar advanced analytics of Global Financial Markets, Economies and Financial Risk.

Click to explore the factors and the financial models used by MacroVar to analyze the Integrated Oil & Gas industry trend, growth prospects and risks.

Integrated Oil & Gas Industry Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
US Integrated Oil & Gas industry US.INTOILGAS 630.99 0 1 2.59539 55.904 -0.00057 -0.06167 0.12088 0.50368

Integrated Oil & Gas Industry News

Integrated Oil & Gas Industry Analysis

MacroVar monitors the performance, risk, trend and momentum of the Integrated Oil & Gas industry by examining the stock and credit performance of major Integrated Oil & Gas companies across the US, Europe, Eastern Europe and Asia Pacific. Integrated Oil & Gas Stock performance is monitored by analyzing STOXX equity indices of major Integrated Oil & Gas companies while Integrated Oil & Gas credit performance is monitored by analyzing Markit iBoxx credit indices reflecting the performance of the Integrated Oil & Gas high yield corporate bond market.

MacroVar also monitors fundamental indicators closely linked to the Integrated Oil & Gas sector published monthly including analysis of sector specific PMI indicators, components of Manufacturing & Services PMI and Economic Sentiment Indicators analysis.

MacroVar also monitors other factors closely related to the Integrated Oil & Gas industry like closely related financial markets or macroeconmic indicators.

MacroVar estimates the following signals:: Integrated Oil & Gas momentum, Integrated Oil & Gas trend, Integrated Oil & Gas oscillator, Integrated Oil & Gas RSI and Integrated Oil & Gas returns.

Integrated Oil & Gas description

The Integrated Oil & Gas subsector includes companies engaged in the exploration for and drilling, production, refining, distribution and retail sales of oil and gas products.

Integrated Oil & Gas Momentum

Momentum is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVar Integrated Oil & Gas momentum signal ranges from -100 to +100. The Integrated Oil & Gas momentum signal is derived as the mean value from 4 calculations for the Integrated Oil & Gas . The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Integrated Oil & Gas momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Integrated Oil & Gas momentum signal moves from positive to negative value or vice-versa.

Integrated Oil & Gas trend

Integrated Oil & Gas trend signal ranges from -100 to +100. Integrated Oil & Gas trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Integrated Oil & Gas Closing price vs Integrated Oil & Gas moving average (MA) calculation: If Integrated Oil & Gas is greater than Integrated Oil & Gas MA value is +1, else -1, 2. Integrated Oil & Gas Moving average slope calculation: if current Integrated Oil & Gas moving average is higher than the previous MA, Integrated Oil & Gas upward slope +1, else -1
Integrated Oil & Gas trend model can be used as a trend strength indicator. Integrated Oil & Gas trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Integrated Oil & Gas trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Integrated Oil & Gas 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Integrated Oil & Gas is in an uptrend when Integrated Oil & Gas price is higher than the 52-week moving average and the Integrated Oil & Gas 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Integrated Oil & Gas oscillator and Integrated Oil & Gas RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Integrated Oil & Gas oscillator

The Integrated Oil & Gas oscillator estimated by MacroVar is the z-score of the currentIntegrated Oil & Gas price versus Integrated Oil & Gas 1-year simple moving average price. The formula for the Integrated Oil & Gas oscillator is:
Integrated Oil & Gas oscillator = (Current Price – 250 trading days Integrated Oil & Gas simple moving average price) / (250 days Integrated Oil & Gas price standard deviation)

Integrated Oil & Gas oversold conditions
Integrated Oil & Gas is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Integrated Oil & Gas is oversold it is often due for a rebound. Values of the Integrated Oil & Gas oscillator lower than -2.5 signify oversold conditions. It must be noted that the Integrated Oil & Gas oscillator must be analyzed ibn conjunction with the rest ofIntegrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Integrated Oil & Gas RSI.
Integrated Oil & Gas overbought conditions
Integrated Oil & Gas is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Integrated Oil & Gas is overbought it is often due for a correction. Values of the Integrated Oil & Gas oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Integrated Oil & Gas quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Integrated Oil & Gas RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Integrated Oil & Gas is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. DuringIntegrated Oil & Gas uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Integrated Oil & Gas returns

MacroVar calculates Integrated Oil & Gas returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Integrated Oil & Gas returns = (Integrated Oil & Gas Closing Price – Integrated Oil & Gas Previous Price)/(Integrated Oil & Gas Previous Price)